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Price is an Illusion: Investor Psychology and Real Value
Price movements in the cryptocurrency market are undoubtedly one of the most influential factors for investors. However, the price does not always reflect the truth. The big players in the market manage perception and shape investor psychology with price movements. Instead of focusing on short-term fluctuations, it is critical to understand long-term dynamics. Price is an illusion.Price and Perception ManagementWhen the price increases in the market, it is perceived positively, while the sentiment is perceived negatively. However, this perspective is misleading. Big investors manipulate market perception and use price movements to their advantage. Bitcoin has reached the $100,000 level many times, but the fact that Ethereum is at different levels each time shows that price alone cannot be a criterion. Real value goes beyond price.Institutional Investments and Market DynamicsInstitutional investors are increasingly involved in the crypto market. Large financial institutions and investment funds are turning to assets such as Bitcoin and Ethereum. However, investors should focus not only on price movements, but also on regulatory developments and institutional moves. ETF applications, government policies and moves by big investors determine the real direction of the market. Look at the big picture, not short-term price movements.How Do Winners Move?Instead of being affected by short-term fluctuations, successful investors act with patience and strategy. The buy-hold-wait strategy is one of the most solid approaches to make a profit in the long term. Instead of focusing on a single asset, diversifying the portfolio and managing risk provides profit in the long term. Those who act in panic lose, those who proceed with strategy win.Price is an illusion in the crypto market. Investors should focus on macroeconomic developments and long-term trends instead of being carried away by short-term price movements. Those who analyze the movements of big players and are aware of market manipulations will be the winners in this game. Follow the real value, not the price.Author: Besim Şen
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2 Mar 2025
El Salvador Continues to Expand Its Bitcoin Reserve
El Salvador continues to increase its strategic reserves by turning the decline in Bitcoin's price into an opportunity. Finally, it bought 12 more Bitcoins, bringing its total reserves to 6,068 BTC.El Salvador's Bitcoin AdventureThe Central American country of El Salvador made a world first by accepting Bitcoin as its official currency on June 8, 2021. This bold step aimed to transform the country's financial system and increase access to banking services.Under the leadership of President Nayib Bukele, the El Salvador government has taken various steps to embrace Bitcoin. Digital infrastructures such as the Chivo wallet were developed and Bitcoin ATMs were installed throughout the country. In addition, the government strengthened its reserves by regularly purchasing Bitcoins.El Salvador's Bitcoin strategy is being closely watched in the global financial world. This bold move by the country could set an example for other countries. The adoption of Bitcoin and its holding in reserves will mark the beginning of a new era in financial systems.El Salvador’s commitment to Bitcoin and the continued increase of its strategic reserves are redefining the place of cryptocurrencies in national economies. The long-term consequences of this approach will be significant for both the country and the global economy.Author: Besim Şen
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2 Mar 2025
Donald Trump Announces US Crypto Reserve: Bitcoin, Ethereum, and Altcoins in Strategic Reserve!
Former US President and strong candidate for the 2024 elections, Donald Trump, made a statement that had a huge impact on the cryptocurrency markets. Trump announced that he signed a decree to establish the US Crypto Strategic Reserve in order to strengthen the country's digital asset sector. This decision is seen as part of his goal of making the US the "Crypto Capital of the World".Trump's Crypto Reserve StatementIn his announcement, Donald Trump argued that this area had been seriously damaged due to the "corrupt attacks" carried out against the crypto sector during the Biden administration. Trump, who draws attention with his policies supporting crypto, announced that various digital assets, especially XRP, Solana (SOL) and Cardano (ADA), will be part of this reserve.Here is an addition. Bitcoin (BTC) and Ethereum (ETH), two giants of the market, will be at the center of the reserve.Trump: "And of course Bitcoin and Ethereum, like other valuable cryptocurrencies, will be at the center of the reserve. I love Bitcoin and Ethereum too!"The Presidential Task Force StartedTrump's executive order tasked the Presidential Task Force to establish the US Crypto Strategic Reserve. This is considered one of the biggest steps the US has taken towards digital assets. At a time when regulatory uncertainties continue in crypto markets, such a move could provide great momentum to the sector.White House Crypto Summit and Statements by Crypto Czar David SacksTechnology investor David Sacks, one of the names supporting Trump's crypto policies, stated in his speech at the White House Crypto Summit that this move was just the beginning and said, "More to come." Sacks' statements were interpreted as a strong signal that the US would take bigger steps regarding crypto in the coming period.A Meaningful Message from CZBinance founder Changpeng Zhao (CZ) shared a post following Trump's statements and said, "I hope you were able to take advantage of the bottom opportunity." This statement was interpreted as an indication that a rising wave may have begun in crypto markets.US Crypto Policies and Global ImpactThis move by the Trump administration shows that the US considers crypto as a national strategy. During the Biden administration, the SEC and other regulatory bodies imposed strict controls on crypto. However, this new step by Trump may be the biggest sign that the US is completely moving away from its anti-crypto policies and embracing the sector.The establishment of such a reserve by the US could lead to a major transformation not only in the country but also in global crypto markets. This could strengthen the role of Bitcoin and other crypto assets in the international financial system and contribute greatly to the integration of digital assets into the traditional financial system.Author: Besim Şen
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2 Mar 2025
BlackRock has included Bitcoin ETF in its Model Portfolio.
BlackRock, one of the world's largest asset management companies, has taken an important step towards Bitcoin. The company has added the iShares Bitcoin Trust ETF (IBIT) to its model portfolio for the first time. This move will allow Bitcoin to gain more acceptance in the investment world and may have significant impacts on the markets.BlackRock's Model Portfolio and Bitcoin MoveBlackRock creates model portfolios that guide investors. These portfolios are a guide for clients who want to develop investment strategies and help investors follow market trends and make strategic decisions.BlackRock's model portfolios cover a total investment universe of $ 150 billion. With the inclusion of the Bitcoin ETF in this structure, it is anticipated that 1% to 2% of Bitcoin will be allocated to alternative investments. This is considered an important development that could increase the interest of institutional investors in Bitcoin.Why is the Inclusion of the Bitcoin ETF Important?BlackRock, which has previously been cautious about cryptocurrencies, has increased its interest in Bitcoin in recent years. BlackRock, which launched a spot Bitcoin ETF approved by the US Securities and Exchange Commission (SEC) in January 2024, is now adding this ETF to its model portfolios, allowing Bitcoin to be more widely adopted in the traditional investment world.This development is noteworthy for several important reasons:Institutional Demand May Increase: BlackRock's model portfolio influences the decisions of many investors. The inclusion of the ETF could attract more institutional investors to Bitcoin.It Could Create Market Volatility: Bitcoin prices can be seriously affected by major institutional moves. This move could cause Bitcoin prices to move upwards.It Could Affect Other Financial Institutions: This move by a giant institution like BlackRock could cause other major investment companies to turn to Bitcoin. Traditional investors may start to see Bitcoin as part of diversified portfolios.What Does It Mean for Bitcoin and Crypto Markets?BlackRock’s inclusion of the Bitcoin ETF in its model portfolio shows that Bitcoin is increasingly accepted in the investment world.It is noteworthy that this move comes especially after Bitcoin’s recent price declines. BlackRock’s decision shows that large investors have increased their confidence in Bitcoin, while it may also encourage individual and institutional investors. Historically, investors’ investment in Bitcoin funds has contributed to rising prices.BlackRock’s inclusion of the Bitcoin ETF in its model portfolio shows that cryptocurrencies are increasingly accepted in the traditional financial world and have become a legitimate asset class for institutional investors.BlackRock’s move proves that Bitcoin is gaining a permanent place in the financial world and that cryptocurrencies are no longer considered an alternative but a mainstream investment vehicle.Author: Besim Şen
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1 Mar 2025
Trump Organization's Move into the Metaverse and NFTs
The Trump Organization has filed a trademark application for the "Trump" brand with the aim of creating a metaverse and NFT trading platform. This move shows that US President Donald Trump and his family intend to further expand their digital world initiatives. This application, which closely follows trends in NFTs, virtual economy and DeFi (Decentralized Finance), reveals that the Trump brand has entered a new phase in digital transformation.Application Details and Trump Metaverse ProjectDTTM Operations LLC, a subsidiary of the Trump Organization, has applied to the US Patent and Trademark Office to register the "Trump" brand for digital products and services. Some of the notable points in the application are:Creating a metaverse world where digital products such as Trump-branded virtual clothing, shoes and hats will be sold.Opening a Trump-branded restaurant in a virtual environment.Providing education and professional development services.Establishing a Trump-branded NFT and cryptocurrency trading platform.Creating a digital marketplace that contains only content authorized by Trump and verified through NFTs.This development reveals the Trump Organization's plans to further integrate into digital assets and Web3 technologies. Despite the volatility of the NFT and metaverse markets in recent years, the Trump brand's entry into this area is noteworthy.Previous Digital Initiatives of the Trump FamilyThe Trump family has previously taken various steps in the field of digital collectibles and cryptocurrencies.Melania Trump started selling digital artworks by launching her own NFT platform in 2021.Donald Trump announced a DeFi (Decentralized Finance) platform called "The DeFiant Ones" in 2024, but the details of this project have not been clarified.The Trump Organization's latest initiative shows that it aims to step more strongly into both the NFT and DeFi ecosystems.Trump's Digital Move and the WLFI ConnectionTrump's metaverse and NFT trading platform initiative can be interpreted as part of an effort to create a similar ecosystem with decentralized finance projects like the WLFI. WLFI is a platform that aims to manage financial transactions in a decentralized manner as a DeFi project. It can be expected that the NFT and cryptocurrency trading platform planned by the Trump Organization will be based on the basic principles of decentralized finance in a similar way.This shows that the Trump brand is not only limited to NFT and digital collectible sales, but is also trying to integrate the decentralized finance solutions offered by DeFi. Especially in a period when regulations are increasing in crypto markets, the effort of a major brand like the Trump Organization to gain a strong place in the DeFi and NFT ecosystem can have a great impact.The Future of the Trump Organization in the Digital EcosystemThe Trump Organization's metaverse and NFT trading platform application reveals that the brand has further increased its interest in digital assets and Web3 technologies.This initiative:- Shows that the Trump brand also aims to grow in the virtual world.- It can lead to more institutional players entering the NFT and metaverse field.- It can contribute to the growth of decentralized finance by interacting more with DeFi projects.The Trump Organization’s NFT and DeFi moves could have significant impacts on the digital finance world. It will be interesting to see how this development will shape Trump’s future political and business strategies.Author: Besim Şen
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1 Mar 2025
Bitcoin for America: The USA will announce its cryptocurrency strategy on March 11!
Bitcoin for America will play a critical role in determining the US’s Bitcoin strategy as a special event to be held in Washington DC on March 11th. The event will be hosted by Senator Cynthia Lummis, with Senator Saylor also announcing her participation as an honorary co-host. The event will bring together senior executives, public officials, and policy experts to discuss America’s digital asset strategy.“I am thrilled to announce that I will be the honorary co-host of Bitcoin for America! Be sure to tune in on March 11th. ₿Big things are coming. 🇺🇸,” Senator Saylor said on Twitter. This statement highlights the importance of the event and the strong belief in the crypto industry.Purpose and Scope of the EventBitcoin for America aims to clarify the US’s strategic approach to Bitcoin. The event will be attended by regulatory authorities, leading figures in the financial sector, and policy experts; This will lead to important decisions on the future of America’s digital asset policies. The event will be closed to members of the press, but selected sessions, such as Senator Saylor’s keynote, will be available to watch via livestream.Institutional and Political Support: What Does It Mean?Such events demonstrate that crypto assets are being embraced not only technologically, but also at a political and institutional level. The presence of prominent political figures such as Senator Lummis and Senator Saylor at the event highlights Bitcoin’s growing role in the US economy and financial system. This support could increase regulators’ and investors’ confidence in digital assets, paving the way for the crypto market to mature further.Future Impact of the EventBitcoin for America stands out as an important platform that will not only shape the US’s Bitcoin strategy, but will also influence regulatory approaches in the crypto sector. This event will:Regulatory Transparency: US regulators can set clearer policies on Bitcoin and the cryptocurrency market in general.Institutional Trust: The support of political figures can increase institutional investor confidence in the crypto sector, contributing to increased stability and liquidity in the market.Strategic Steps: The event can be a milestone for future regulations and strategic investments, which can create significant opportunities for both individual and institutional investors.The Bitcoin for America event is considered a turning point in the US's digital asset strategies. This organization, which Senator Saylor excitedly announced, will reshape America's Bitcoin and general cryptocurrency policies, accelerate regulatory reforms, and strengthen investor confidence. The event not only provides a platform for strategic steps, but also sheds light on efforts to strengthen crypto reserves. Recently, the SEC and leading exchanges have taken important steps to protect and increase crypto reserves, which is critical for the stability and long-term reliability of digital assets. Following this special event, which will take place in Washington DC on March 11, will provide important clues about the future of the crypto world.Author: Besim Şen
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1 Mar 2025
SEC, Fidelity Delayed Options for Spot Ethereum ETF
The US Securities and Exchange Commission (SEC) has postponed Fidelity’s application for options trading for its Spot Ethereum (ETH) ETF. This decision stands out as a development closely followed by market participants.What is the Reason for the Postponed Decision?The SEC stated in a statement on February 28 that Fidelity needed more time to make its final decision on Ethereum ETF options. The regulatory agency decided to extend the process in order to more comprehensively evaluate the impact on the market and analyze potential risks.Why Are Ethereum ETF Options Important?Options trading provides investors with greater flexibility to speculate on Ethereum ETFs or manage their risks. If the SEC approves Ethereum ETF options, it could attract more institutional investors in the market and strengthen Ethereum’s place in the financial markets.Author: Besim Şen
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1 Mar 2025
How Was 605 Million Dollars Worth of Ethereum Laundered?
Lazarus Group Launders $605 Million in ETHThe cryptocurrency world has been shaken by a major cyberattack in recent weeks. Bybit, one of the world's leading crypto exchanges, was subjected to a massive hack attack worth approximately $1.4 billion on February 21, 2025. Analysis conducted after the incident revealed that the North Korea-linked Lazarus Group was behind the attack. What's even more remarkable is that the hackers managed to launder $605 million in Ethereum (ETH), equivalent to 54% of the stolen funds, in just one week.How Was $605 Million in ETH Laundered?According to data shared by on-chain analytics company Lookonchain, hackers used decentralized cross-chain protocols such as THORChain to hide the stolen Ethereum. Such protocols enable swaps between different blockchains, making it difficult for hackers to track assets.It is known that the Lazarus Group used similar methods in its past attacks. It is reported that the group moves funds especially through decentralized exchanges (DEX) and mixer services. This situation once again reveals the inadequacy of security measures in the cryptocurrency ecosystem.The Lazarus Group and its Threats to the Crypto EcosystemThe Lazarus Group is known as a cybercrime network with ties to North Korea and has previously carried out many major crypto attacks. In particular:Ronin Bridge Attack (2022): $625 million was stolen in the bridge attack belonging to the Axie Infinity ecosystem.Harmony Horizon Bridge Attack (2022): $100 million in funds were seized.Stake Hack (2023): $41 million in assets were stolen from the online betting platform Stake.The Bybit attack is considered one of the largest operations of the Lazarus Group.The Bybit attack reveals the security vulnerabilities of the crypto ecosystem and the advanced methods of cyber attackers. The Lazarus Group’s laundering of $605 million worth of Ethereum has once again revealed how effective money laundering mechanisms are and how difficult regulatory bodies face in this area.In order to prevent similar attacks in the future, it has become a critical necessity for centralized and decentralized platforms to develop stronger security solutions.Author: Besim Şen
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1 Mar 2025
Statement from the Revenue Administration Regarding Cryptocurrency Transactions
In recent days, some cryptocurrency investors have received messages from the Revenue Administration (GİB) stating, "It has been determined that you have earned rental income from housing." While this situation caused confusion among crypto investors, GİB made an official statement on the subject and clarified the situation.Incorrect Classification and Rental Income NotificationAccording to the statement made by GİB, in some crypto asset transactions, payments were classified as "rental payment" by bank systems. While this situation was caused by banks' transaction categorization errors, as a result, the Revenue Administration evaluated these transactions as rental income and sent informative SMSs to the relevant persons.GİB stated that it sent routine information messages to potential rental income taxpayers before the income tax declaration period that will start on March 1. However, due to incorrect classifications, cryptocurrency investors were also included in this notification.Statement from GIB: Those Who Don't Have Rental Income Should Ignore SMSIn its statement, GIB emphasized that people who don't actually have rental income subject to declaration should not consider these SMSs. At the same time, it underlined that banks and users should choose the correct payment type when making transactions in order to prevent such erroneous situations.Although the fact that transfers from cryptocurrency exchanges are incorrectly seen as rental income does not create a tax liability for users, it stands out as a point that should be taken into consideration in order for the process to work more healthily.Author: Besim Şen
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28 Feb 2025
Boerse Stuttgart Digital and DekaBank are collaborating in crypto trading.
DekaBank, one of Germany’s leading financial institutions, has partnered with Boerse Stuttgart Digital to offer crypto trading services to its institutional clients. The partnership aims to facilitate secure and regulated access to digital assets for institutional investors in Europe.DekaBank and Boerse Stuttgart Digital PartnershipDekaBank has partnered with Boerse Stuttgart Digital to provide a reliable digital asset trading platform for large institutional investors in Germany. As a digital asset service provider affiliated with the Stuttgart Stock Exchange in Germany, Boerse Stuttgart Digital offers secure and regulated solutions for institutional clients.This partnership increases the interest of traditional financial institutions in digital assets as crypto asset regulations become clearer in Germany. DekaBank paves the way for growth in this area by offering institutional investors a regulated and secure trading environment.The Role of Boerse Stuttgart DigitalBoerse Stuttgart Digital provides crypto asset trading and custody services for banks and other financial institutions. The platform operates in full compliance with European financial regulations and offers a secure transaction infrastructure for institutional investors.This partnership with DekaBank brings together traditional finance and the crypto ecosystem, allowing large investors to invest in digital assets with confidence.The collaboration between DekaBank and Boerse Stuttgart Digital is considered an important step that will increase institutional investors’ access to the crypto asset market in Germany. With the development of the regulatory framework in Europe, the number of such collaborations is expected to increase and traditional finance to become more integrated with digital assets.Author: Besim Şen
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28 Feb 2025
A First in Hong Kong: ChinaAMC Launches Tokenized Money Market Fund for Retail Investors
Hong Kong has taken another big step towards the Web3 ecosystem. China Asset Management (ChinaAMC), one of China’s largest fund management companies, has launched Hong Kong’s first retail tokenized money market fund. This innovative move aims to bring together traditional finance and blockchain technology to provide investors with a more transparent and efficient investment experience.ChinaAMC’s Web3 MoveChinaAMC is taking a pioneering role in the digital asset management space by introducing the first tokenized money market fund in Hong Kong. This new fund aims to facilitate investors’ access to blockchain-based tokenized financial instruments. Hong Kong’s crypto-friendly regulatory environment is paving the way for such innovations, supporting the city’s rise to become a digital asset hub.What is a Tokenized Money Market Fund?This new investment fund can be thought of as a digital version of traditional money market funds. Investors will benefit from the advantages provided by blockchain technology when investing their money through this fund. Thanks to this technology, transactions are made faster and all movements will be recorded transparently.Advantages of Tokenized Money Market FundsThe tokenized fund offered by ChinaAMC combines the advantages of traditional money market funds with the transparency, security, and efficiency offered by blockchain technology. With tokenization, investors can process their funds faster, trade at lower costs, and experience the security offered by blockchain.This move accelerates the digital transformation process in Hong Kong’s financial markets, while also demonstrating how tokenized assets can be integrated with traditional investment products.Hong Kong’s Digital Investment StrategyHong Kong has been working to integrate its financial sector with blockchain technology in recent years by developing proactive regulatory approaches to the digital asset ecosystem. Although cryptocurrency trading is banned in China, Hong Kong’s open approach to digital assets aims to make the region a global Web3 hub.This new fund offered by ChinaAMC demonstrates Hong Kong’s commitment to modernizing its financial sector by combining traditional investment vehicles with blockchain.ChinaAMC’s launch of Hong Kong’s first retail tokenized money market fund is a significant step in how traditional finance can be reshaped by blockchain technology. Investment transactions are becoming more accessible thanks to the security and transparency provided by blockchain technology. Hong Kong’s proactive regulatory approach to digital assets continues to encourage such innovative solutions, ensuring the region becomes one of the global financial hubs.Author: Besim Şen
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28 Feb 2025
U.S. Core Personal Consumption Expenditures (PCE) Announced
The US Core Personal Consumption Expenditures (PCE) Price Index, announced on February 28, 2025, has become a critical data closely followed by economists and market participants. This index, one of the most important indicators in the US Federal Reserve's (Fed) inflation assessments, is of great importance in terms of the direction of inflation and the Fed's monetary policy decisions.January Core PCE DataThe US Core PCE Price Index increased by 2.6% on an annual basis in January. This rate was in line with market expectations and was lower than the 2.9% increase in the previous month. On a monthly basis, an increase of 0.3% was observed. There was a monthly increase of 0.2% in December, and the January data show that inflation continues to accelerate, albeit slowly.The Fed and Its Impact on Monetary PolicyThe US Federal Reserve considers the Core PCE data as a critical indicator to understand the course of inflation when making monetary policy decisions. The Fed's inflation target is 2% and since the latest data is close to this target, markets do not expect a radical change in interest rate policies. However, if inflation remains under control, the issue of when the Fed will start the interest rate cut process remains on the agenda.What to Expect in the Future?Economists are evaluating what kind of policy the Fed will follow in the upcoming period by taking into account employment and growth indicators as well as inflation data. Market expectations are that if inflation remains under control, interest rate cuts may be on the agenda in the second half of 2025. However, global economic developments and geopolitical risks continue to be important factors that may affect the Fed's decisions.The 2.6% annual increase in the US Core PCE Price Index indicates that inflation is close to the Fed's target levels. This situation is interpreted as the Fed may continue its tight monetary policy but create space for interest rate cuts in the near future.Author: Besim Şen
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28 Feb 2025
Arizona Crypto Reserve Laws Move Closer to Becoming Law After Passing the Senate
The US state of Arizona is preparing to add cryptocurrencies to its official reserve assets. On February 27, 2025, the Arizona Senate approved two important bills that would allow the state to create crypto reserves. This development could pave the way for greater acceptance of digital assets in the legal and financial systems in the US.Content of Arizona Crypto Reserve LawsThe Arizona state government aims to accept Bitcoin and other digital assets in order to diversify the state's financial reserves and provide economic flexibility. The bills approved by the Senate allow the state to hold a certain amount of cryptocurrencies and consider them as reserve assets.This step is considered as part of Arizona's efforts to strengthen its financial infrastructure. If the law goes into effect, it will bring a major change to the state's financial policies and cryptocurrencies will be considered on par with traditional assets.Possible Effects of the LawsThe passage of these laws could make Arizona one of the crypto-friendly states in the US and inspire other states to make similar regulations. Cryptocurrency reserves could increase the state’s economic resilience and pave the way for more innovation in the financial system.However, there are risks to this process. The volatility of cryptocurrencies could lead to financial imbalances if they are accepted as reserve assets. It also remains unclear how regulators will approach such initiatives.Cryptocurrency Regulation in the US and the Role of ArizonaCryptocurrency regulations are increasingly being discussed across the US. Different states have different approaches, especially regarding the role of Bitcoin and other digital assets in the financial system. Arizona aims to be a pioneer in this area with its crypto reserve laws.One of the bills that passed the Senate on February 27, 2025, would allow the Arizona Treasury Department to hold a certain amount of Bitcoin and other digital assets as reserves. The other bill would allow the state government and public institutions to use cryptocurrencies for certain financial transactions.If these laws become law, Arizona would stand out as one of the states that both encourages financial innovation and evaluates cryptocurrencies more broadly.The crypto reserve laws approved by the Arizona Senate on February 27, 2025 are considered a major step towards digital assets gaining more ground in the financial system. If the laws are passed at the state level, Arizona could become one of the crypto-friendly states in the US, and this development could pave the way for more comprehensive regulations in the cryptocurrency market.Author: Besim Şen
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28 Feb 2025
Daily Market Summary with JrKripto 2 February 2025
You can access the "Daily Market with JrKripto" summary below, where we compile daily important developments in cryptocurrency, global and local markets.Let's analyze the general situation in the markets together and take a look at the most up-to-date evaluations.Bitcoin (BTC) touched the horizontal support area of $ 79,100 - $ 80,763 and the long-term rising trend line. At the same time, the 200-day moving average is in this area, strengthening the support. If the price holds at this level, the levels of $ 85,600 and $ 90,700 can be tested again. However, if the support is lost, the next critical area will be the $ 74,100 - $ 74,200 band. The price movement at this support level in the coming days will be decisive in terms of the general direction of the market.Ethereum (ETH) is trading close to the long-term rising trend support and the lower band of the symmetrical triangle. If the $2,121 - $2,140 support zone is maintained, the possibility of an upward recovery increases. However, if this zone is lost, a pullback towards the $1,900 level may be seen. In upward movements, the $2,300 and $2,534 levels are critical resistance points, and if they are overcome, it may gain momentum towards the $2,721 and $3,000 levels. The direction of ETH will depend on the price action at these support levels.Crypto NewsSEC and Justin Sun are working to resolve their fraud case.Bitwise registered its Aptos ETF in Delaware.Texas Business and Commerce Committee passed the Strategic Bitcoin Reserve bill, moving to the Senate plenary.SEC agreed to drop the Consensys case.BitMEX exchange stated that it is looking for a buyer and is preparing for a sale.SEC and Coinbase have definitely dropped the case between them.SEC: Meme coins are generally not securities under federal law.CryptocurrenciesTop RisersCAR → up 23.5% to $7.24.CKB → up 10.8% to $0.00681041.MORPHO → up 7.4% to $2.27.BIO → up 4.2% to $0.12435946.PLUME → up 2.6% to $0.14162723.Top FallersKAITO → down 27.4% to $2.00.KET → down 21.4% to $0.24872803.SPX → down 20.8% to $0.47942694.VANA → down 19.7% to $7.51.WEMIX → down 18.0% to $0.57890206.Daily Total Net ETF InflowsBTC ETFs: -$275.90METH ETFs: -$71.20MData to Watch TodayFriday, February 28, 202516:30 | 🇺🇸 US - Core Personal Consumption Expenditure Index (MoM) (January)Expectation: 0.3%Previous: 0.2%16:30 | 🇺🇸 US - Core Personal Consumption Expenses Price Index (YoY) (January)Expectation: 2.6%Previous: 2.8%Global MarketsWhile US indices were preparing to start the day with reactionary purchases due to Nvidia's balance sheet exceeding expectations, they experienced sharp sales after Donald Trump announced that customs duties on Canada and Mexico would come into effect on March 4 and that an additional 10% customs duty would be imposed on China. Trump stated in a statement on Wednesday that the tariffs on Canada and Mexico would come into effect on April 2. He also announced that he was canceling the exemption agreement for oil sales provided to Venezuela during the term of former President Joe Biden.Stock markets ended the day with declines led by technology stocks. Nasdaq lost 2.78%, S&P 500 lost 1.59%, and Dow Jones lost 0.45%. While 7 of the 11 main sectors in the S&P 500 Index declined, technology showed the weakest performance with a loss of 3.79%, infrastructure 2.23%, telecommunications and discretionary consumption 1.80%. Finance, energy 0.48%, and real estate 0.39% were the sectors that positively differentiated themselves. Nvidia shares declined by 8.5%.The US economy grew by 2.3% on an annualized basis on a quarterly basis in the 4th quarter. While consumption expenditures made the highest contribution to growth (+2.8 points), housing fixed investments and public spending also supported growth. Net exports contributed +0.12 points.Durable goods orders increased by 3.1% in January (expected: 2.0%) after a 1.8% decrease in December. Orders excluding transportation were flat. Pending home sales decreased by 4.6% monthly in January, falling more than expected (-0.9%).Weekly unemployment benefit applications increased by 22,000 in the week ending February 22, reaching 242,000 (expected: 221,000). The four-week moving average increased by 8,500 to 224,000. Continuing applications were announced as 1.86 million.The most important data for the markets today will be the January Personal Consumption Expenditures (PCE) inflation to be announced at 16:30 GMT. PCE, which was 0.3% monthly and 2.6% annually in December, is expected to increase by 0.3% monthly and 2.5% annually in January.Asian indices are on a negative course, while European indices are expected to start the day with a sell-off.Most Valuable Companies and Stock PricessApple (AAPL) → Market cap $3.56T, price per share $237.30, -1.27% down daily.NVIDIA (NVDA) → Market cap $2.93T, price per share $120.15, -8.48% down daily.Microsoft (MSFT) → Market cap $2.92T, price per share $392.53, -1.80% down daily.Amazon (AMZN) → Market cap $2.21T, price per share $208.74, -2.62% down daily.Alphabet (GOOG) → Market cap $2.06T, price per share $170.21, -2.57% down daily.Borsa IstanbulTurkey's foreign trade deficit in January was $7.54 billion, slightly below the previous estimate of $7.70 billion by the Ministry of Trade. The total 12-month foreign trade deficit rose to $83.6 billion. Exports increased by 5.8% in January to $21.2 billion, while imports increased by 9.6% to $28.7 billion.The Economic Confidence Index for February fell by 0.5 points to 99.2. When looking at sub-items, there were increases in retail trade, consumer confidence and real sector confidence indices, while decreases were seen in the service and construction sectors.Today, Turkey's last quarter growth rate and January unemployment data will be announced. The economy grew by 2.1% on an annual basis in the third quarter. Growth expectations for the last quarter are 3.0% and for the entire year are 3.1%. In addition, the Treasury will share its borrowing strategy for the next three months.Borsa Istanbul (BIST-100) closed positively for the second time in a row yesterday with a 1.8% increase. Telecom, holding and aviation sectors were the biggest gainers. It is thought that positive expectations regarding the CPI (Consumer Price Index) data were also effective in this increase. In particular, it is predicted that the regulation made regarding patient examination participation fees over the weekend may contribute to February inflation being slightly below expectations. A slightly bullish trend is expected in BIST today.BIST-100 index was bullish throughout yesterday's transactions and closed at 9741. After a three-day decline, the index rose above the 200-day average again. The 21-day average is 9771, while the 50-day average is 9805. It is thought that a permanent movement above these levels could provide a more significant recovery in the market. While closings above the 9665-9715 band may be a sign of limited optimism, it is evaluated that the index may weaken again if it falls below these levels.Stocks That Gained the Most:DAGHL → increased by 9.99% to 27.30 TL.BULGS → increased by 9.97% to 21.06 TL.GMTAS → increased by 9.94% to 11.61 TL.SEGY0 → increased by 9.89% to 5.00 TL.KSTUR → increased by 9.89% to 3,835.00 TL.Stocks That Decreasing the Most:ESCOM → decreased by -93.08% to 3.40 TL.TDGYO → decreased by -9.97% to 13.72 TL.ESEN → decreased by -9.96% to 35.42 TL.NATEN → decreased by -9.95% to 66.05 TL.ICUGS → decreased by -8.62% to 17.39 TL.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → 880.21 billion TL market value, 274.00 TL per share price, +4.28% increase.Türkiye Garanti Bankası (GARAN) → 534.24 billion TL market value, 126.7 TL per share price, -0.39% decrease.Turkish Airlines (THYAO) → 435.74 billion TL market value, 306.25 TL per share price, -3.01% decrease.Aselsan Elektronik Sanayi (ASELS) → 410.4 billion TL market value, 93.50 TL per share price, +3.89% increase.Koç Holding (KCHOL) → 387.49 billion TL market value, 153.1 TL per share price, +0.20% increase.Precious Metals and Currency PricesGold: 3459 TLSilver: 36.63 TLPlatinum: 1116 TLDollar: 36.52 TLEuro: 37.97 TLHoping to meet again tomorrow with the latest news!Author: Besim Şen
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27 Feb 2025
Bitwise has registered the Aptos ETF in Delaware.
Important developments continue to occur in the cryptocurrency market. Finally, Bitwise, one of the leading asset management companies, has registered an ETF (Exchange Traded Fund) for Aptos (APT) in Delaware. This development has created a new wave in the cryptocurrency market and has also attracted the attention of investors.Bitwise and Aptos ETFAlthough this ETF registered by Bitwise in Delaware is not yet an official SEC application, it shows that the company is preparing for an SEC approval in the future. Bitwise has previously created funds for crypto assets such as Bitcoin and Ethereum and has managed to attract the attention of large investors.The registration of the Aptos ETF means that institutional investors will have easier access to APT. If SEC approval is received, this ETF will be a new investment vehicle for individual and institutional investors. It can also accelerate the adoption of Aptos and increase its liquidity.Aptos (APT) Price ImpactBitwise's ETF registration created an immediate movement in the Aptos price. With the news, the APT price increased by approximately 10%. This situation once again showed how sensitive investors are to the impact of ETFs on cryptocurrency prices. Similar price increases were previously seen in Bitcoin spot ETF approvals.Although it is not clear whether the ETF will receive SEC approval in the future, this development is considered a factor that increases Aptos' long-term potential.SEC's Attitude and Market ExpectationsThe US Securities and Exchange Commission (SEC) is known for its recent tough regulations and lawsuits against the crypto sector. However, in recent weeks, it has been observed that the SEC has closed some important investigations and has begun to take a more flexible stance towards the sector. The closure of investigations into major projects such as Gemini, OpenSea and Uniswap is interpreted as a signal of a change in the SEC's approach.In this context, whether an SEC application will be made for the Aptos ETF in the future and what attitude the regulatory body will take are matters of great curiosity.Bitwise's registration in Delaware for the Aptos ETF has created excitement in the crypto market and increased investors' interest in APT. If the ETF is approved by the SEC, a major increase in liquidity and more institutional investor interest are expected for Aptos.However, for now, the process is only in the registration phase and official applications and regulatory approvals are not yet clear. Investors need to follow the process carefully and observe how the SEC will approach in the future.
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27 Feb 2025